White House Spokesman Jay Carney: Unemployment Checks Create Jobs (Video)
Posted by Jim Hoft on Thursday, August 11, 2011, 6:13 AM
It’s an Obama World.
Up is down. Right is wrong. Spending brings wealth. And unemployment checks create jobs.
White House Spokesperson Jay Carney says unemployment checks creates jobs.
Real Clear Polticits has the transcript.
“I understand why extending unemployment insurance provides relief to people who need it, but how does that create jobs,” Wall Street Journal’s Laura Meckler asked Jay Carney Wednesday’s WH briefing.
Carney responded: “Oh, uh, it is by, uh, I would expect a reporter from the Wall Street Journal would know this as part of the entrance exam.”
“There are few other ways that can directly put money into the economy than applying unemployment insurance,” Carney said.
Carney answers the question: “It is one of the most direct ways to infuse money directly into the economy because people who are unemployed and obviously aren’t running a paycheck are going to spend the money that they get. They’re not going to save it, they’re going to spend it. And with unemployment insurance, that way, the money goes directly back into the economy, dollar for dollar virtually.”
Hey, let’s give everybody unemployment checks. We’ll create even more jobs!
Nancy Pelosi said the same thing back in 2010.
The sad thing is… They actually believe this crap!
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Published May 22, 2012 at 5:04 am - 24 Comments
Mark1957 commented:
He learned that from Piglosi.
patman commented:
What an ass. Not only is he arrogant, he’s incoherent.
This is what our country elected.
tj commented:
I guess we’ll need to hire more union gov’t employees to print more unemployment checks!!!..
or are those being outsource to China?
ARCB commented:
A French economist, Bastiat, back in the 19th Century demonstrated that Carney’s comment is nonsense in the allegory of the shopkeeper’s window. In order to pay for unemployment, cash is either withdrawn immediately or subsequently from the economy to pay for it. As such, it is a zero (or negative) sum game. The cash if left in the economy would be be put to productive use as well.
It is not so much Carney’s ignorance that is troubling, but rather his ignorance coupled with his arrogance.
mg4us commented:
Now it is VERY Clear why Obama won’t release his school transcripts. . He flunked Economics 101!!!
And so does everyone else in his administration. . .
Sasja commented:
Idiot.
forest commented:
Endless unemployment checks create what was going on in London.
Mo commented:
Incoherency, Illiteracy, Corruption. Should be on a logo for the Admin. Worst admin in modern history, maybe in the top one or two worst in American history. Worse, protected by sycophants, liars (like Carney), Congressional toadies/commies/insane folks (examples too numerous to list, and not limited to Dems though they are top heavy with treasonous thieves, a DOJ that is something like out of Communist Russia, the MSM that is filled with some of the baldest liars in journalistic history (Goebbels would be proud, Pravda has nothing on these folks)…..
I would vote for unemployment checks for Carney, though, let him help the economy that way. I’d like to see O on the line, too, but he’ll sickeningly get a pension-for-life, rewarded for destroying what’s decent about America.
JKB commented:
How can people come to believe these fallacies, explained here in 1978 by Milton Friedman, and not face reality which normally would alter beliefs. For some reason, these “educated” elites cannot understand basic economics and focus on keeping money moving rather than actually producing wealth. Think of hamsters on a wheel. Lots of activity but not a whole lot accomplished other than exhaustion and having to stop.
KornKing commented:
Same old garbage you hear on just about every issue , “everyone knows….”
CV1 commented:
That’s probably the “stupidest” thing I’ve ever heard.
Nana commented:
Obama and Carney need to collect unemployment checks. Nov 2012 can not come soon enough.
Sam Stone commented:
People I know who have been out of work and collected unemployment do not spend that little they get on goods and services that are not to pay their rent or mortgage, food and medical care as needed. They are not buying TV and stereos and some even cut off their cable service.
And I though tI was not the brightest around!!!!
Sam Stone commented:
I forget, Carney’s first response is so damn typical of these pigressives. INSULT the person who asked the question.
Ignorant pukes!
myohmy commented:
Perpetual cycle of poverty.
gee! commented:
Here i thought no one could top Robert Gibbs as biggest idiot.
big L commented:
Great idea Jay. We’ll front one for you,You’re fired.
Nothing Left commented:
With that argument, tax cuts will also create jobs.
rbosque commented:
Wow. I think I’ll burn my economics diploma because Carney just solved our problems!
Who knew it could be that simple?
jainphx commented:
I don’t know anymore, I though we were being governed by thieves and communists, but now find that they are actually insane. I feel like we are living one flew over the coo coos nest, or at least a bad dream. 2012 must be decisive in the scope of people thrown out or were done. The problem doesn’t stop with Obama, the vile nest at the state dept. and DOJ, must also be cleaned and sanitized. We have allowed real anti-American scum to be in position to do real damage. Elect someone with the gravitas to make the changes necessary. Only one person can and will do that. Sarah Palin 2012.
Reelin' in the Years commented:
… and coal smoke makes the sky blue…!
Militant Conservative commented:
We are currently testing this theory, how’s that
Theory testing out? You mean tax cuts cause growth?
Reaganomics is much better than Obamanomics.
Ghetto boy is such a socialist poster child for
FAILURE
Powder is dry
succotash commented:
Wow! Eternal incompetence,who would have thought this could happen in America and the hits just keep on coming.
Rock commented:
Well now at least he is on board with Nasty Piglosi who said the same thing back in July.
http://www.breitbart.tv/pelosi-unemployment-checks-fastest-way-to-create-jobs/
JPeden commented:
Carney responded: “Oh, uh, it is by, uh, I would expect a reporter from the Wall Street Journal would know this as part of the entrance exam.”
Laura: “Yes, Jay, gov’t spending doesn’t create jobs!”
Jay: “fool, the more unemployment goes up, the more jobs that are created.”
Laura: “Real World 101, Jay, Liberalism is a mental disease.”
Joe Camel commented:
I can’t hire people due to them making more on “Unemployment” and “Working off the books.” When asked “Does that bother you by breaking the law and not reporting income”, standard reply is “Everyone does it.” I know they use the money effectively, going to the “boats” (Missouri), new tattoos, new piercings, parties (booze and food). These tend to be the younger generation out there. The older folks understand and tend to be more respectful of the intended purposes, while they continue to look for work. They seem to understand they would rather be productive than a drain. Different philosophies in life seems to be key here.
Sandy commented:
Oh Yeah Mr. Carney — tell that to the leftists who don’t pay taxes and think their money comes out of Obama’s stash. I don’t know whether these people are idiots or they think we’re idiots but my head is exploding.
Granny commented:
It seems the Democrats and this particular administration now define “creating jobs” as “not losing jobs.” The absolute best unemployment will give us is status-quo.
Joanne commented:
These are the morons running the funny farm. Is it any wonder the U.S. economy is tanking.
Sandy commented:
As Pelosi calls it — fun employment. More time to do the things you really enjoy unless your pastime is eating.
Valerie commented:
When my son was on unemployment, he paid his rent, bought groceries, and sold his car. There was no job creation involved, and indeed, the economic effect has been the cumulative reduction in spending by people who no longer had jobs.
Because the Obama administration wanted to increase my taxes by by 30K a year, I held off on a home improvement project. That is job destruction, and there has been a huge multiplier effect, so that the housing industry tanked.
Valerie commented:
“#30 August 11, 2011 at 10:31 am
Sandy commented:”
Do you have a cite for that quote? I can put it to good use.
Sandy commented:
The end of Liberalism will come when they run out of other people’s money.
BuddyG commented:
Unemployment checks, Lavish union benefits . . .
The Dems will do whatever it takes to buy their constituencies with your money!
RKflorida commented:
Ah! I see Skippy the Wonder Boy is back (In Long pants even) speaking out of his behind. Always good to see the kids trying to act all grown up. I wonder when vacation is over and all the kids in the White House have to go back to school? Hope it’s soon.
ouldbollix commented:
What these dumb reporters still don’t get is, what is going on right now is by design.
They still ask questions of the White house that would be asked during a normal presidency, they just don’t get the fact that this is no ordinary president.
Rush was right when he said he wanted bamster to fail.
Unfortunately for all of us it looks like he is not failing so far.
Green-Eyed Conservative commented:
Stupid is as STUPID does…
shibumi commented:
I’m waiting for the White House to proudly proclaim that having a large, LARGE number of people on the dole is the sign of a successful nation, because poor nations can’t afford to pay people to do nothing.
/I wish I was joking with this…
StrangernFiction commented:
This country is being run by the evil and/or insane. And that includes the RINO run GOP.
Sandy commented:
http://www.latimes.com/news/local/la-me-funemployment4-2009jun04,0,7581684.story
Valerie #32
Check out the above.
Wiebe commented:
Why should one be surprise? Jay Carney was just parroting Obamanomics and Pelosinomics of nanny-state wellfare economy.
Rock commented:
Jay must have found some of his predecessor’s talking points from over a year ago. See #24 which should have included the year, 2010, that or he is doing a poor imitation of Rev. Sharpton. God Libs are such lying dogs.
Patty commented:
Our government is pushing this nation into another Great Britain….I see riots in our future.
When will this nation buck up and start depending on ourselves. Seems Carney is taking lessons for Pelosi.
averagemelon commented:
Wow. That’s your BEST answer, Jay?
You need to hand the show over to someone who knows what their doing now. Play time is over. Get back to school.
tommy mc donnell commented:
for the first time in history unemployment is an occupation. if we count all the people recieving unemployment checks as having a job look how much unemployment numbers will be reduced. the wonderful workings of the liberal mind. oh to be smart enough to be a liberal.
Rock commented:
#40 August 11, 2011 at 10:43 am
Sandy,
A excellent example of Demi trained Entitlement Junkie, and Obama voter. Wonder how the boys down in the hood feel about a honky ridding their gravy train.
tommy mc donnell commented:
and not one elected democratic offical will say a word againist this kind of thinking. the democratic party uber alles.
BuddyG commented:
In related news . . .
– Screwing around creates virgins
– Detox facilities create alcoholics
– Metal detectors create guns
– Fighting creates peace
dwd commented:
When the economy is bad, people do not spend, they save and hoard.
BuddyG commented:
Global Cooling proves Global Warming !
Ginger commented:
Who ever wins the republican race for president and their crew moves in and the communist demo-rats complain I want the republicans to say to them …..”We Won”…”Elections has consequences” YOU LOST! The people has spoken!
DMartyr commented:
Well, they will have to hire more envelope stuffers to send out the checks…
KOW commented:
I could sort of see if they said it saved jobs, though they would be very little in each town, maybe 160,000 across the US.
Those on unemployment barely have enough to get back, they dont have much left over and actually usually count on others for help month-by-month, so they dont add much to the economy.
The more I think about it, the 160,000, which was 2% of the total unemployed, may be too high.
KOW commented:
Maybe what Obama is planning on doing is changing the Unemployed status to having part-time jobs with the Government.
StrangernFiction commented:
OT For those of you that understand the ugly truth about Islam and are intending to support or considering supporting Rick Perry this may be of interest to you:
http://barenakedislam.wordpress.com/2011/08/10/oh-no-will-governor-rick-perry-of-texas-be-the-pro-sharia-candidate/
I was considering supporting Perry, but this is a deal breaker for me.
ahem commented:
That’s some clear thinking right there. No wonder he got into politics.
Gosh! commented:
2012 can’t come sooner enought to rid us of this nonsense.
modrid commented:
Obviously, the “entrance exam” is the final to Marxism 101, taken by every applicant to President Awesome’s administration. The answer to question #2, “How do you create wealth?” A: No matter how great the economic failure you must try, try, again.
lsufan commented:
saw this in another blog…from Rothbardrian_in_the_Cleve…Carney=”Baghdad Bob”.
JPeden commented:
Nancy Pelosi said the same thing back in 2010.
The sad thing is… They actually believe this crap!
Yeah, I’ve been watching some MSNBC and the other “Low T” individual gov’t and Commie sponsered mouth organs who show up here and there on tv, and it’s still amazing to see their terminally dumbfounded looks as they reach their primal groundhog minded, “Oh no…what’s there left for the gov’t to do…oh wait, let’s spend some more gov’t money”, er, solution.
Man, talk about live hourly demonstrations of the ability of recycling garbage within a progressive vacuum to power what they still insist is a mind!
Stuart commented:
Whenever I see Jay Carney I think of Rudolph Hess. A regime shill to be sure, but not smart enough to be quite as evil as the rest of his gang. Delusional at best.
Don’t leave any airplanes parked with the keys in the ignition when he’s loose.
Patriot Act commented:
The argument is bullcrap. For every dollar that you give to someone unemployed, another dollar (much more, actually) must be taken from the pocket of someone else who then cannot spend it, invest it, or use it to hire another employee. It’s not even a zero-sum game. It’s worse than that.
Jay says that Obama wants to extend benefits yet again to increase employment. More transparent nonsense — Obama wants to use it to BUY VOTES. Campaigning is all he knows and all he does.
Is Carney really this stupid, or just this dishonestly subservient?
Alec Rawls commented:
Unemployment insurance is monstrously destructive. Not only are people paid not to work, but the financial burden on companies that lay people off are stupendous. As with many forms of phony “insurance,” the companies that are forced to buy it have their rates raised to cover whatever costs to the system their employees generate. A company’s premiums can easily go up by a full half of the payout to the laid off employee.
I don’t think people realize that this is how the system works, but employers are on the hook for the insurance payouts to the particular individuals who works for them. It’s not a cost-spreading system. Since employers pay for payouts to THEIR employees, the only way to avoid this liability is to not have employees. Here is the start of Michigan’s faq for employers:
“When a worker becomes separated from his or her job and files for unemployment benefits,
the worker’s past employer or employers will probably be charged for any benefits that may
be paid.”
http://www.michigan.gov/documents/uia_92-EmpChrg1_90416_7.pdf
Its the same in every state. That’s how the system works. It is absolutely insane, and is probably the main reason why hiring did not pick up when the economy started to grow slightly. The more the Democrats keep extending the duration of unemployment insurance payouts, the more their former employers have to fork over. Companies CAN’T hire. It is suicide.
sarabeara commented:
Wow. My unemployment form sitting here on my desk just turned into rainbows and kittens. Thanks Jay Carney! I now see the light! Off to buy a new car.
Donna S commented:
Help me lord, that is such convoluted thinking! Better yet, it’s not even thinking. What completely stupid dangerous people Carney Pelosi (and anyone else making the same statement) are. Aaarrrggghhh!
Yeosailor commented:
I’m thinking that he & the current regime are NOT that stupid. They think WE are that stupid.
Their attempted destruction of the US is obviously by design, and obviously they can’t tell us the truth about their REAL plans now, can they? No wonder their explanations are so full of double talk and lies…
forest commented:
Unemployment checks create yobs.
serfer62 commented:
Has Jay graduated from high school yet?
Hal (GT) commented:
It’s the new math: “Let-them-eat-cake math.”
tommy mc donnell commented:
welcome to the affirmative action level of competence in america. in obamanomics unemployment creates jobs. just give everybody an unemployment check ans everyone will have a job.
shibumi commented:
In related news . . .
– Screwing around creates virgins
– Detox facilities create alcoholics
– Metal detectors create guns
– Fighting creates peace
We have always been at war with Eastasia.
proudredneck commented:
#67 BINGO
Curt commented:
YIKES! They have it ALL figured out. Its obvious to the current administration how to create jobs…AND They refuse to put people back to work. Obama is NOT creating jobs by NOT putting everyone out of work and giving them unemployment checks.
RESIST WE MUCH!
eaglewingz08 commented:
This belief by the socialists in the Obama Administration underscores the reason why in Great Britain and in other socialist countries, there is no cutoff for unemployment benefits. You could work three years, get fired, and receive unemployment benefits for the rest of your life.
kato commented:
Stephen Moore of the WSJ laughed uproariously when Michael Medved played this clip, and then he said sarcastically, “Maybe we should triple unemployment benefits and watch the economy really take off.”
He also said that Carney’s nonsensical views are held by many Ivy-League economists.
He also said that everything the Obama administration has done with respect to the economy has been wrong.
Indeed.
TMI commented:
Keynesian analysis relies heavily on the marginal propensity to consume (mpc) to come up with what they describe as a multiplier that predicts that as money is transferred to those with little, or no income, that since the mpc of the poor is, or approaches, one-hundred percent, one-hundred percent of that transfer payment is spent.
But, in and of itself, a transfer payment is not a form of income.
http://www.answers.com/topic/transfer-payment
There are some economists, with degrees, that advocate this type of spending as stimulative. How much real-world experience do you need to falsify this type of thinking?
.
Bruce commented:
What I hate most about Obama and his minions is how stupid they think everyone is. Do they really think people get their unemployment checks and then run out to the Mall of America????
When I was on unemployment in the early 90′s, all my check went toward food, utilities, car payment and house payment. I didn’t buy anything new; I struggled to pay for things I had already bought i.e. my car and house. I wish that WSJ reporter had fired back “just how stupid do you think the American people are?” But they did vote these idiots in, so I guess they have some basis to think the way they do.
bg commented:
++
Curt #75
rotflmbo!!
==